|Bid||221.00 x 100|
|Ask||227.00 x 800|
|Day's Range||220.02 - 224.17|
|52 Week Range||207.90 - 274.66|
|Beta (3Y Monthly)||1.51|
|PE Ratio (TTM)||12.49|
|Earnings Date||Dec 18, 2018|
|Forward Dividend & Yield||2.60 (1.15%)|
|1y Target Est||287.96|
FedEx is turning to a relatively new and unknown startup as it ramps up its efforts to electrify its fleet of delivery vans. The company announced Tuesday plans to add 1,000 electric delivery vehicles from Chanje Energy, a California-based and China-backed startup founded in 2015. FedEx is purchasing 100 of the vehicles from Chanje Energy. The purpose-built electric vehicles will be delivered on a rolling basis over the next two years.
The vehicles could save FedEx 2,000 gallons of fuel, thus preventing 20 tons of emissions per vehicle annually.
Corp. is adding 1,000 electric delivery vans to its fleet, a move aimed at tamping down emissions in parcel delivery operations as regulators push to rein in pollution from commercial vehicles. FedEx will roll out the vans, which have a range of about 150 miles and can haul 6,000 pounds, over the next two years in FedEx Express pickup and delivery services in California. State regulators there have been pushing for more stringent standards for nitrogen oxide, or NOx, emissions for commercial trucks.
The package delivery company will buy 100 Chanje V8100 vans from the Los-Angeles based startup and lease the remaining from U.S. truck rental company Ryder System Inc. United Parcel Service Inc, FedEx and Deutsche Post AG unit DHL have faced pressure from regulators around the world to lessen the environmental impact of their fleets. UPS, FedEx and DHL have placed orders for Tesla Inc's all-electric Semis and already use Workhorse Group Inc's electric vans.
FedEx Corp said on Tuesday it plans to add 1,000 Chanje electric delivery vans to its fleet of vehicles in a bid to save on fuel and cut down on pollution. The package delivery company will buy 100 Chanje ...
FedEx Corp: * FEDEX ACQUIRES 1,000 CHANJE ELECTRIC VEHICLES * FEDEX CORP - DELIVERY TRUCKS TO BE OPERATED BY FEDEX EXPRESS * FEDEX CORP - FEDEX IS PURCHASING 100 OF VEHICLES FROM CHANJE ENERGY INC AND ...
FedEx Corp. said Tuesday it is expanding its fleet to include 1,000 Chanje V8100 electric vehicles, by purchasing 100 from Chanje Energy Inc. and leasing another 900 from Ryder System Inc. The vehicles will be used for commercial and residential pickup and delivery in the U.S. The vehicles are made in Hangzhou, China and can travel more than 150 miles when fully charges. The company is expecting to save two thousand gallons of fuel while avoiding 20 tons of emissions per vehicle a year. FedEx shares were not yet active premarket, but have fallen 9% in 2018, while the S&P 500 has gained 0.6%.
FedEx Corp. (FDX) today announced it is expanding its fleet to add 1,000 Chanje V8100 electric delivery vehicles. FedEx is purchasing 100 of the vehicles from Chanje Energy Inc and leasing 900 from Ryder System, Inc. The purpose-built electric vehicles will be operated by FedEx Express for commercial and residential pick-up and delivery services in the United States. “FedEx continually seeks new ways to maximize operational efficiency, minimize impacts and find innovative solutions through the company’s Reduce, Replace, Revolutionize approach to sustainability,” said Mitch Jackson, FedEx Chief Sustainability Officer.
There’s no “political peril” for lawmakers who would raise the gasoline tax if they show voters it will improve roads and bridges, incoming House Transportation and Infrastructure Committee Chairman Peter DeFazio said in an interview with MarketWatch.
Grocery giant Albertsons is buying 10 Tesla Semi trucks, and plans to operate them in Southern California.
Could FedEx get more invested in the robotics game? According to a filing with the U.S. Patent and Trademark Office (USPTO), the Memphis-based shipping and logistics company has its eyes on “bots.” FedEx Express Corp. — subsidiary of FedEx Corp. — is requesting a trademark for “FedEx SameDay Bot.” According to the filing, the purpose of the trademark is to use “robots for documents and package delivery” that would primarily be for “shipping and delivery services, namely, pick-up, transportation and delivery of documents and packages.” FedEx currently has a SameDay program that provides delivery to customers within hours. When asked about the filing and what the “bot” part would mean for the company and the SameDay program, a FedEx representative provided the following statement: As of a Nov. 2 status update, an examining attorney for the USPTO had requested additional information from FedEx regarding its application.
Globalization, once a somewhat esoteric economic issue, has gained prominence in recent years. Political developments in the United States, the Brexit tangle involving Britain and Europe and a flurry of international trading agreements are a prominent few among many issues worldwide. Greg Ip, the author of "The Little Book of Economics: How the Economy Works in the Real World," wrote in chapter six about the gravitational pull from other nations and regions.
Everyone's aware of the seasonal pattern around the holidays. As Thanksgiving and Black Friday near, retailers ramp up their discounts until going full-bore for a roughly monthlong bargain bonanza. But there's an investment thesis, too: Companies whose sales and profits peak around Christmas tend to make good stocks to buy for a short-term bump. It doesn't always work with every seasonal stock, of course. Some companies have bad quarters. And in broad-market corrections and bear markets, almost everything falls - even quality firms that are performing well. But if a normal seasonal pattern holds, several companies - that have exhibited this pattern of rising and falling in previous years - should do quite well. They're not just retail stocks either. Many other types of associated investments get the same type of multi-month boost. Here are seven stocks to buy for a 2018 holiday season pop, though many of them you may want to keep well into the new year. SEE ALSO: 10 Stocks Warren Buffett Is Buying (And 6 He's Selling)
FedEx Freight has launched a pilot program for last-mile delivery services using branded 20-foot-long flat trucks with lift-gate capabilities for shipping heavy goods ordered online, the less-than-truckload unit of transport and logistics giant FedEx Corporation (NYSE: FDX) confirmed today. FedEx Freight had experimented with different types of equipment, but appears to have hit upon the 20-foot straight trucks. The latter approach has been used by XPO Logistics Inc (NYSE: XPO) considered the leader in the U.S. last-mile delivery market for heavy goods ordered online.